Australia Post executive spending has more than halved under the new CEO Christine Holgate.

Ms Holgate has been under the spotlight after spending $20,000 on Cartier watches given to executives as a bonus.

However, licensees are standing by their boss, insisting she’s the best boss they’ve ever had.

Ben Fordham has revealed the former boss of Australia Post Ahmed Fahour was on a $5.6 million salary and in his final year, the cost of CEO and Board functions were $11 million.

Under Ms Holgate, who is on a $1.5 million salary, the costs of CEO and Board functions in the last financial year were $4 million dollars.

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